Fighting the Rise in Card Fraud
Refined systems and techniques can help the banking and retail industries get a handle on rising card fraud.
May 31, 2007
Card fraud is an ongoing issue, in the United States and throughout the world, because of the adaptive nature of the criminal mind. It's impossible for any industry to identify and rely on one, fixed solution.
In this white paper that focuses on ways bankers and retailers can set measures to detect card misuse, Alaric Systems Ltd. promotes the Bayesian method. The Bayesian method, employed by Alaric in fractals,provides a higher rate of probability when identifying card misuse, while also having the ability to adjustto changing fraud techniques.
Editor's Note: The views expressed in this white paper reflect only those of the author(s).